(09-16-2020 09:25 PM)Native Georgian Wrote: (09-16-2020 09:05 PM)solohawks Wrote: Trump is the first president whose net worth has decreased since assuming office since???
That’s an interesting question, and I admit I don’t know the answer.
We’ve certainly had “1%” presidents before. Some enjoyed the lifestyle of Trump-like wealth even though the taxable “net worth” was in the name of their spouse (LBJ) or their parents (JFK). Others lived in the pre-income tax era (Washington and Lincoln, just to name 2). For all of those presidents, it’s tough to see how their net worth increased while in office, but who really knows.
Hard to say.
https://www.townandcountrymag.com/societ...net-worth/
Let's just say being President in this age helps your wallet especially if you're last name is Clinton.
I'll stick with Post WW2 presidents
https://www.usatoday.com/story/money/201.../39011559/
Truman - Not rich at all prior to or when he left office. His financial situation was why the Presidential Pension Plan was passed
Ike - Modestly wealthy but nothing abnormal for a well-paid General, President, and College President
JFK - Uber wealthy family before and after office
LBJ - Family was broke but left the office uber wealthy. Became wealthy as a career politician in Texas after marrying into money. Leveraged his status to get his wife into Broadcasting Ownership of a radio station which laid the foundation of a successful Broadcasting company. An "Honest grafter" not afraid to use Texas and Federal connections to enrich his own business. Politics helped make his business endeavors very profitable and him uber wealthy.
Nixon - no where near as wealthy as LBJ, less than 20% of LBJ's net worth. However his post office net value wa 650% higher than his previous office net worth.
Ford - Moderately wealthy. Used his stature post office to serve on boards and other endeavors such as books. 400% net worh increase post presidency.
Carter - Moderately wealthy. Successful farmer prior to office. Left White House in debt due to farm not having full attention. Like Ford used stature post office to gain/maintain wealth but not uber wealthy. 200% post presidency net worth increase.
Reagan - Moderately wealthy from acting care. Being president did help his net worth but no where near as much as others - 45%
HW Bush - Bush family was traditionally wealthy like the Kennedys. Post presidency net worth increase was 475%
Clinton - 6150% net worth increase from pre presidency to November 2016. No wonder Hilary was pissed. Clinton Foundation also shut down after Hilary lost. Summary: LBJ would tell these guys to not be so obvious.
Obama - The white house was very kind to them too. 1.3M net worth in 2008. 135M present net worth per the NYT. Others have a more modest 40M
https://www.businessinsider.com/barack-o...rth-2018-7
They seem to get their mass increase due to their popularity and celebrity with book deals, speaking engagements and the Big netlfix deal
